Annual Macroeconomic Review - 2016

In line with its mandate, the Parliamentary Budget Office (PBO) provides its Annual Macroeconomic Outlook, which aims to analyze core indicators of economic sectors (real, external, fiscal, monetary) in Georgia.The Annual Macroeconomic Outlook includes the following components:• Assessment of real economic sector, which includes an assessment of economic growth; analysis of GDP by activities and by expenditure components; assessment of factor productivity and estimation of potential GDP• Assessment of external sector, which includes a review of current account balance; an evaluation of the main directions of exports and imports by country and products and an assessment of foreign investments as main financing source of current account deficit